Tag: Dropping

Tuna Value Dropping, Industry Must Plan Ahead: Report

Tuna is holding steady as a $40 billion-a-year business, but commercial fisheries worldwide are hauling in bigger catches of dwindling value, threatening the long-term survival of some species, according to a new report.

“Fisheries caught 500,000 more metric tons in 2018 than in 2012, but were paid $500 million less in dock value,” study co-author Grantly Galland, an officer with The Pew Charitable Trusts’ international fisheries group, told AFP.

Unless governments that regulate the industry through regional management bodies adopt long-term strategies, everything from supermarket tuna to $100-a-portion sashimi could wind up in short supply, the report warned.

Crashing populations of skipjack, bigeye, yellowfin and bluefin would also jeopardise livelihoods and disrupt ecosystems in which the top-level predators play a critical role.

The world's top tuna fishing nations are Indonesia, which landed more than 550,000 tonnes in 2018, followed by Japan, Papua New Guinea, Taiwan, Spain, Ecuador and South Korea The world’s top tuna fishing nations are Indonesia, which landed more than 550,000 tonnes in 2018, followed by Japan, Papua New Guinea, Taiwan, Spain, Ecuador and South Korea

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Dropping demand forces consultants to slash fees by 30pc

Consultants are being forced to cut their fees by up to 30pc as demand drops and a pause in on site working during the pandemic allows more firms to compete for contracts regardless of their location.

The UK consulting sector could shrink by 16pc this year as businesses rush to cut variable costs in an effort to survive the economic crisis, new research shows.

The downturn is particularly acute in hard hit sectors such as retail where consulting revenue is expected to fall 29pc this year, according to Source Global Research, which analyses the professional services industry.

The rise in spending on consultants to help companies to upgrade their technology is also set to slow, with 26pc of companies surveyed globally saying they expect to increase their use of consultants for “digital transformation” projects, compared to 55pc at the end of 2019.

Companies that do press ahead with upgrades could

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